Current PNUT Price Performance
The current price of Peanut the Squirrel (PNUT) stands at **$0.2441**, representing a significant 24-hour gain of **+14.82%**. Trading activity has been substantial, with 535,333,781 PNUT coins exchanged in the past day, equivalent to a trading volume of $130,697,156. PNUT is currently available for trading on 35 different exchanges.
Today's trading session opened at $0.2139, and the token has gained 14.11% from its opening price. After briefly dipping to $0.2121, PNUT has shown upward momentum. Compared to maximum prices recorded over the past 30 and 7 days, the current value is down by -19.78% and -0.09% respectively. However, it has shown strong recovery from minimum prices in the same periods, rising by 33.42% and 25.91%.
Technical Analysis and Key Levels
Based on technical analysis, PNUT needs to maintain support above $0.1590** to potentially advance toward the first major resistance level at **$0.2831. A breakthrough above this level could propel the token toward the second resistance at $0.4823**, with a third resistance level waiting at **$0.5936.
On the downside, the first critical support level to watch is $0.1590**. If this level fails to hold, further decline toward the next support at **$0.0757 becomes possible. Traders should monitor these key levels closely when making trading decisions.
For those interested in tracking these price movements in real-time, you can view real-time market analysis tools to stay updated on PNUT's performance.
Market Capitalization and Valuation
Peanut the Squirrel currently holds the #159 ranking based on market capitalization, which stands at approximately $244 million. The fully diluted market cap (FDV) is calculated by multiplying the current price by the total supply (or maximum supply if total supply isn't available). This metric helps investors understand potential market cap scenarios if the price were to multiply (2x, 10x, etc.) and how PNUT would compare to other cryptocurrencies in such scenarios.
Project Overview and Tokenomics
Peanut the Squirrel (PNUT) is a cryptocurrency token built on the Solana blockchain, launched in October 2024. The token has a circulating supply of 1,000 million coins and falls under the meme token category, where it currently ranks #18 by market capitalization.
The token reached its all-time high price of $1.89 on November 14, 2024. Since then, approximately 7 months have passed, and the price has declined from that peak. The lowest point following the all-time high was $0.119031, representing a 105.11% increase from that bottom. Over the previous 52 weeks, PNUT has experienced a wide trading range between $0.0000671 and $2.47.
Comparative Market Analysis
When compared to other cryptocurrency projects launched in the same year, Peanut the Squirrel demonstrates above-average trading volume. While the average trading volume for the 1,446 coins launched in 2024 is approximately $1 million, PNUT has maintained a substantially higher volume of $131 million, indicating stronger market interest and liquidity.
Frequently Asked Questions
What is Peanut the Squirrel (PNUT)?
Peanut the Squirrel is a meme cryptocurrency token operating on the Solana blockchain. Launched in October 2024, it combines community-driven elements with the functionality of a digital asset, ranking among the top meme tokens by market capitalization.
Where can I trade PNUT tokens?
PNUT is available on 35 different cryptocurrency exchanges. The token has significant trading volume, exceeding $130 million in daily transactions, providing ample liquidity for traders and investors looking to enter or exit positions.
What factors influence PNUT's price?
Like most cryptocurrency tokens, PNUT's price is influenced by market sentiment, trading volume, overall cryptocurrency market trends, community engagement, and developments within the Solana ecosystem. Meme tokens particularly respond to social media trends and community activities.
How does PNUT compare to other meme tokens?
PNUT ranks #18 among all meme tokens by market capitalization. It demonstrates stronger trading volume than most tokens launched in 2024, indicating sustained interest and liquidity compared to many newer projects in the space.
What are the key support and resistance levels for PNUT?
The crucial support level to watch is $0.1590, while major resistance levels stand at $0.2831, $0.4823, and $0.5936. These technical levels help traders identify potential entry and exit points based on price action.
Is PNUT a good investment?
All cryptocurrency investments carry significant risk, particularly meme tokens known for their volatility. While PNUT has shown substantial trading volume and market presence, potential investors should conduct thorough research and consider their risk tolerance before investing. For comprehensive market analysis, you can explore more trading strategies to make informed decisions.
Market Position and Outlook
Peanut the Squirrel maintains a notable position in the cryptocurrency market, particularly within the meme token category. Its substantial trading volume relative to other tokens launched in 2024 suggests ongoing interest from the trading community. The token's performance on the Solana blockchain also connects it to one of the most active ecosystems in the cryptocurrency space.
Investors and traders should continue monitoring market trends, overall cryptocurrency sentiment, and developments within the Solana network that might impact PNUT's price movement. The token's ability to maintain support levels while showing potential for upward movement makes it one to watch in the meme token segment.